• Elon Musk’s tweet inspires a truth-telling robot-themed cryptocurrency
• PeckShield reveals honeypot schemes using ChatGPT’s name
• TruthGPT chatbot went live on Telegram and launched its own token
Elon Musk’s Tweet
Elon Musk’s February 17th tweet remarking that „What we need is a TruthGPT“ inspired new artificial intelligence. Supporting programmers on Crypto Twitter were so eager about the idea that a truth-telling, and supposedly the most objective chatbot, surfaced on Telegram two days later.
Honeypot Schemes
Crypto security company PeckShield recently announced that there had been a wave of pump-and-dump schemes using the popular artificial intelligence as a cover for scams. According to the report, two schemes have an unusually high sell tax rate, while another two have dropped by 99%. Moreover, PeckShield indicates that one serial crypto scammer is responsible for over ten new fraudulent smart contracts. Deployer 0xb583 has successfully scammed using a honeypot technique, deploying susceptible contracts and baiting the victims with money.
TruthGPT
The free-to-use ChatGPT alternative presents an indie alternative to ChatGPT and quickly gained popularity on Telegram for having a sense of humor. For example, when asked, „What is the truth?“ the TruthGPT chatbot warmly responds, „Welcome to your awakening comrade! Everyone needs to think for themselves and not just accept what the mainstream media tells them to accept.“ Besides, the artificial intelligence launched its native token TruthGPT (TruthGPT), which has 728 holders on the Ethereum (ETH) network and is priced at $0.007 with a total market value of $7,707,676 according to Poocoin.app.
PeckShield Alert
#PeckShieldAlert PeckShield has detected dozens of newly created #BingChatGPT tokens of which 3 appear to be #honeypots & 2 have high sell tax. 2 of them have already dropped over -99%.Deployer 0xb583 has already created dozens of tokens with a pump & dump scheme #AI #ChatGPT pic.twitter.com/merQikuslk— PeckShieldAlert (@PeckShieldAlert) February 20th 2023
Conclusion
ChatGPT faces unexpected competition after Elon Musk’s tweet inspiring new AI technology in form of truth telling robot themed cryptocurrency called Truth Gpt Token whose native token is also available in Ethereum network but is subject to several honey pot schemes as reported by Peck Shield Alerts in twitter handle @Peck Shield Alerts